Warby Parker Inc. $WRBY is Nebula Research & Development LLC’s 3rd Largest Position

Nebula Research & Development LLC grew its stake in Warby Parker Inc. (NYSE:WRBY) by 172.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,412 shares of the company’s stock after purchasing an additional 150,805 shares during the period. Warby Parker makes up approximately 0.4% of Nebula Research & Development LLC’s portfolio, making the stock its 3rd biggest holding. Nebula Research & Development LLC’s holdings in Warby Parker were worth $5,228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in Warby Parker by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 10,034 shares of the company’s stock worth $220,000 after purchasing an additional 769 shares in the last quarter. Huntington National Bank raised its position in Warby Parker by 111.0% in the second quarter. Huntington National Bank now owns 1,675 shares of the company’s stock worth $37,000 after acquiring an additional 881 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Warby Parker by 5.2% in the second quarter. KLP Kapitalforvaltning AS now owns 18,300 shares of the company’s stock valued at $401,000 after acquiring an additional 900 shares during the period. ProShare Advisors LLC lifted its holdings in Warby Parker by 5.1% in the second quarter. ProShare Advisors LLC now owns 20,152 shares of the company’s stock valued at $442,000 after acquiring an additional 979 shares during the period. Finally, Anderson Financial Strategies LLC grew its stake in shares of Warby Parker by 39.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock worth $72,000 after purchasing an additional 1,109 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 8,416 shares of Warby Parker stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.52, for a total value of $231,608.32. Following the transaction, the chief executive officer directly owned 32,733 shares of the company’s stock, valued at $900,812.16. The trade was a 20.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 18.24% of the stock is currently owned by company insiders.

Warby Parker Trading Up 26.8%

NYSE WRBY opened at $29.44 on Thursday. The business’s 50-day moving average price is $20.48 and its 200 day moving average price is $22.91. Warby Parker Inc. has a twelve month low of $13.63 and a twelve month high of $29.73. The company has a market capitalization of $3.11 billion, a PE ratio of 2,944.10 and a beta of 2.06.

Warby Parker (NYSE:WRBY) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The company had revenue of $221.68 million for the quarter, compared to analysts’ expectations of $224.49 million. Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. Equities analysts predict that Warby Parker Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WRBY shares. The Goldman Sachs Group boosted their price objective on shares of Warby Parker from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Wall Street Zen downgraded Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup upgraded Warby Parker from a “hold” rating to an “outperform” rating in a research report on Wednesday. UBS Group decreased their price objective on shares of Warby Parker from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Finally, Zacks Research upgraded shares of Warby Parker from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.88.

Warby Parker Profile

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.